Maruti Suzuki India Ltd on Friday reported a higher consolidated net profit of ₹3,349 crore for the second quarter ended September 30, as against ₹3,102.5 crore in the same period of the last fiscal.
The 8 per cent rise in the profit was driven by robust exports growth, the company said in a regulatory filing.
Its consolidated total revenue from operations stood at ₹42,344.2 crore against ₹37,449.2 crore in the year-ago period, it added, while the total expenses in the second quarter rose to ₹39,018.4 crore from ₹33,879.1 crore a year ago.
The firm said it reported profits despite a 5.1 per cent dip in its domestic wholesales in the second quarter, since “exports grew by a robust 42.2 per cent to 1,10,487 units, the highest-ever in any quarter”.
Also Read: Maruti Suzuki India to meet export target this fiscal: Official
In a statement, the company attributed a decline in domestic sales to customers deferring buying because of the expectation of GST-led price reduction from September 22.
The overall sales volume, however, grew 1.7 per cent to 5,50,874 units in the second quarter, the company said.
During the quarter, it “registered its highest-ever net sales of ₹40,135.9 crore against ₹35,589.1 crore in the same period of the previous year”.
In the first half of the fiscal (April-September period), Maruti Suzuki India sold a total of 10,78,735 units, comprising domestic sales of 8,71,276 units and all-time high half-yearly exports of 2,07,459 units.
In H1 FY2025-26, the total volume grew by 1.4 per cent over the same period last year, primarily driven by a robust 39.9 per cent increase in exports, it said.
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